Suburb Profile Report for Wandin North VIC (3139)

Wandin North House: Median price $495,250, Annual capital growth 6.96%, Number of sales 28, Weekly median advertised rent $398

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Wandin North is in the bottom 30% in VIC when comparing median price capital growth over the last year. Wandin North gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.18%.

Wandin North,3139 was ranked 2184 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Wandin North itself are offering an average vendor discount of -4.52% to real estate investors.

Often selling an investment property can take time, and in Wandin North the average time real estate has been on the market is 16.2 days.

With the median price for a house in Wandin North being $495250 and the advertised rent reaching $397.5 the gross rental yield for property investors calculates out to be 4.17%

Metrics i HOUSE UNIT
$495,250 N/A
0.87% N/A
3.18% N/A
6.96% N/A
$398 N/A
28 N/A
4.17% N/A
16.2 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 2911
Median household income ($/weekly) 1206
Median age of persons 36
Median housing loan repayment ($/monthly) 1600
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 442 15.2
    25-34 years 332 11.4
    35-44 years 418 14.4
    45-54 years 423 14.5
    55-64 years 316 10.9
    Others 980 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 1160 55.1
    Not Married 737 35.0
    Defacto Relationship 207 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2397 85.6
    Japan 44 1.6
    New Zealand 44 1.6
    Papua New Guinea 29 1.0
    United Kingdom 183 6.5
    Others 104 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1729 65.5
    No Religion 875 33.1
    Buddhism 24 0.9
    Islam 6 0.2
    Other Religious Groups 6 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 86 9.9
    $600-$799 82 9.5
    $1,000-$1,249 95 11.0
    $1,250-$1,499 85 9.8
    $1,500-$1,999 140 16.2
    Others 377 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 916 42.0
    Not in the labour force 680 31.2
    Employed, worked part-time 474 21.8
    Employed, away from work 75 3.4
    Unemployed, looking for work 34 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 195 13.3
    Professionals 170 11.6
    Technicians & trades workers 322 22.0
    Clerical & administrative workers 200 13.7
    Labourers 170 11.6
    Others 406 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 63 8.5
    Infants/Primary 287 38.7
    Secondary 227 30.6
    Technical or Further Educational Institution 77 10.4
    University or other Tertiary Institutions 60 8.1
    Others 28 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2783 99.7
    Semi-detached, row or terrace house, townhouse 4 0.1
    Flat, unit or apartment 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 500 52.2
    Fully owned 336 35.1
    Rented 114 11.9
    Other tenure type 8 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals